2012-12-19
2012-12-19
x louisiana

STATION
MSNBCW 6
CNBC 3
CNNW 1
KGO (ABC) 1
LANGUAGE
English 12

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not need any of this. >> no doubt. congresswoman, thank you for your time tonight. carolyn mccarthy with us here on "the ed show." and that is "the ed show." i'm ed schultz. "the rachel maddow" show starts right now. >> thanks. there is a lot to get to this hour, including news about potential gun law reforms and the continuing reaction to the newtown, connecticut, school massacre there. is some surprising news out of michigan on that issue today that we're going to be getting to. there is news about who is going to be in the united states senate in this next congress. we found out yesterday who is being tapped to replace senator jim demint, who is leaving the senate. we also found out yesterday who might replace john kerry if he leaves the senate to be secretary of state. we found out today who is the odds-on favorite to replace long-time hawaii senator daniel inouye, who died yesterday. we've got all that news ahead. >>> but we begin tonight with something that is an important story in its own terms. but for those of us at msnbc and nbc news, it is also an incredibly emotional thing. and

believe are in the u.s. big -- cap with big brand names with great fundamentals, and they are right here in the u.s.? make that the last word. the bell is ringing. maria will pick up the second half of the "closing bell" in just a moment. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our

. on september 11th the u.s. ambassador and three other americans were killed on a terrorist attack in libya. tuesday an independent review investigating the incident released its findings. a panel was highly critical of the state department saying they ignored arrests in tripoli for more guards and security upgrades relied who heavily on specific requests instead of security. and used unprotect militia to protect the compound. the report also found the attack was not the result of protests over anti-islamic video as first reported. in a letter to congress, secretary of state hillary clinton said she accepts all of the panel's 29 recommendations writing there is no higher priority for me or my department. >>> though there seems to be progress still no fiscal cliff deal in washington. house speaker john boehner said he has a backup plan. but that's not enough for one in three americans who according to a new survey are cutting back on spending due to fears of going over that cliff. nbc's tracie potts joins us now with more. good morning. >> reporter: mara, good morning. good morning, everyone

, as tragic as it is, brings us a little closer together both in the nation and in washington, that would be a good thing. >> all right. top of the hour. good morning. 6:00 on the east coast, it's wednesday, december 19th. christmas is almost here. >> very respectful dialogue. the nra had a respectful statement. i think a lot of people showing respect on this. >> feel something may be be happening. >> feel some grown-ups, maybe. there are, of course, exceptions. >> there are a few. we have mike barnicle with us. you're not an exception. beautiful piece in "the daily news" today. we'll read that in must read. thank you very much. former treasury officials. mark ratner is with us as well. he has a must read. i'm serious. >> beautiful. >> also in washington, washington anchor for "bbc world news america" katty kay. >> no pieces, sorry. >> you'll write one next time. thank you. so we've got a lot to get to this morning. >> a lot to talk about today. >> those exceptions, what are you talking about? >> just in the conversation about everything you thought there were two exceptions. >> rick perr

doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for hi

is here to start us off on this. chris? >> diane, people are moved. we all want to make sure it never happens again. the question, which actions will follow? and the answers are starting to take shape. with each body buried, calls for change. just today, the white house voicesing support for new gun laws and an assault weapon ban, weapons that fire a success of bullets with each pull of the trigger. cerberus announcing the sale of a stake in the biggest maker of assault rifles. the union representing california teachers is releasing because of the its connection with bushmaster. >> people were passionate about the issue. >> reporter: the strive for culture change. making assault rifles taboo. >> a lot of people are getting behind and understanding that at the end of the day, it's not the dollar that counts. but the sense. the sense of what they are going with their money. the sense of the weapons we are selling to the general public. >> reporter: but in the wake of the shooting, sales of assault rifles have jumped. how deep will they jump? for answers, we go to those at the direct cen

new poll shows that 52% of u.s. adult dults favor major restrictions on guns, making all guns illegal versus 47% last august. let's turn to our white house correspondent brianna keilar. she's joining us. the president came out and didn't mince very words. >> reporter: no, wolf. this is the first time that president obama has laid out a time line. he appointed vice president biden to lead this group of cabinet lawmakers to come out with some solutions and he wants those recommends from him no later than january. the president said this time washington won't just talk about tackling gun violence. >> this is not some washington commission. this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task to pull together real reforms right now. >> reporter: he urged congress to vote early next year on an assault weapons ban and high ammunition clips and close the loopholes so all gun buyers are subject to background checks. >> we're going to need to work on making

of their own. rob cox will show us how they are working to honor the littlest angels. >> speaker boehner lays down the gauntlet. why am i worried it's not a lump of coal. >> a chilly reception on benghazi sending in an icy blast at the state department. is it more than hillary can handle? >> no holiday break for president obama, but words from a president past could offer a new path forward. the lbj connection. >> white house history is my favorite. all that and my spoken word on why another past president had reason for holiday cheer. grab some cocoa. you are in the cycle. >> if you thought the fiscal cliff was a joke, listen to this, john boehner just 45 minutes ago. >> republicans ton to work towards avoiding the fiscal cliff. the president's offer of $1.3 trillion in revenues and $850 billion in spending reductions fails to meet the tests that the president promised the american people a balanced approach. i hope that the president will get serious soon about providing and working with us on a balanced approach. tomorrow the house will pass legislation to make permanent tax relief for nea

. what can you tell us about that? >> reporter: that's right, jenna. first of all the report concludes there was no protest prior to the attack. that al qaeda is not dead. it has metastasized. that its followers have a new home in eastern libya. and that the benghazi on 9/11 was a significant defeat for the united states. it killed 4:00 americans including our ambassador. it also shuttered our diplomatic security presence in eastern lib. >> as well as a sizable cia operation. within the last hour a senior democrat at the closed classified briefing said there were systemic failures at seniors levels of the state department. >> i think the conclusion was very stark, very candid, very honest and told us the following. the mistakes were made, lives were lost and lessons need to be learned. first america can not retreat from a dangerous world. it is important for us to be there, to not only protecting our values but protecting american citizens. >> reporter: the report states that in the summer of 2012 the security conditions on the ground prior to the attack in benghazi were consistently d

general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough t

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